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station hoax. >> the attack on pearl harbor, 71 years later, events ron: years ago i made a promise to provide the best for my family, in sickness and in health. carol and i needed help figuring out what's covered by medicare and what's not. so we turned to the same folks we've relied on for health insurance all these years. announcer: ron and carol called anthem blue cross and found an affordable medicare plan that pays for some costs original medicare won't. now they can keep making memories for years to come. choose from plans offering protection from high out of pocket costs plus include prescription drug coverage with your monthly premium. get the freedom to keep the doctors you already trust. if you're eligible for medicare we'll help you find a plan that fits your needs. call or go online now to get answers. you only have until december 7th to enroll. >>> the duke and duchess of cambridge issued a statement this morning expressing their sorrow over the apparent suicide of a nurse at the hospital where the pregnant kate was treated for severe morning sickness. the nurse was fo
, is there a middle ground to be reached regarding gun control? we'll discuss that very subject with ron christie, former policy adviser to president bush. and national urban league ceo, mark. nancial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. >>> in coming weeks, i'll use whatever power this office holds to engage my fellow citizens from law enforcement to mental health professionals to parent and educators. in an effort aimed at preventing more tragedies like this. because what choice do we have? we can't accept events like this as routine. >> that was part of president obama's speech last night in newtown, connecticut. we questioned, how do you find middle ground in the gun control debate. joining us to talk about that is ceo of the national urb
the key markets to watch around the globe is ron shaw, managing partner at gina ventures. how are you doing? >> good. good morning. >> very good morning to you. did santa bring you everything you were hoping for? >> that and then some. >> that and then some. good. let's talk about emerging markets now. i've spoken to you a lot about how in the last couple of years, of course, there has been a lot of positive sentiment around investing in emerging markets. however, i got to say over the past couple of months and even this year, there has been i would say the mood shifting to cautiously optimistic. can you tell us what's driving that change? >> yeah. i think you have to continue to be cautiously optimistic for the emerging markets because obviously there's a growth story there. there's a lot of growth that investors want to capture. there's still a lot of outstanding risk. we saw a lot of that risk play out this year both on the government side, the reform side, as well as currencies. so i think there's definitely a handful of risks. and you have to kind of -- the play for emerging mark
to tony blair, we're talking to democratic congressman xavier becerra, republican senator ron johnson from the state of wisconsin, also pat houston, whitney houston's sister-in-law and manager and jeopardy champion ken jennings written a new book. it's tuesday, december 4th, "starting point" begins right now. >>> welcome everybody, you're watching "starting point." we're honored this morning to have the former british prime minister tony blair with us as our guest. he's going to be weighing in as a number of topics. we're going to talk about the fiscal cliff, we're going to talk about the global economy. we're going to talk about the civil war in syria. we'll talk about the royal baby coming soon. first we want to get right to zoraida sambolin for an update on the day's top stories. >> soledad, the fiscal cliff debacle, with 28 days remaining before drastic tax hikes and spending cuts take effect, a republican spending plan has been rejected by the white house. brianna keilar is live from washington. what now, brianna? >> well, right now it's about the pressure building and the clock kicki
in and say, ron, why did you buy so much of that stock in the final ten minutes? he would report, because i like it. i already own it. you see how much i like it because i own it. that was the primary defense. you haven't seen a great many big prosecutions in this area. interestingly enough, one of the areas that they did, oh, about 25 years ago, prosecute some folks on was running a options portfolio. they marked the stock up to make the options more attractive so they got a bigger bonus from their firm. >> they closed the stock on the strike too, right, art? >> absolutely. >> the options owners wouldn't make any money. >> that's right. >> are you expecting, ron, that we're going to see various sort of techniques at year end to make the portfolios look better? >> i think now that this has become so public with "the wall street journal" article, it focuses on the movement of very thinly traded stocks. one thing to watch out for is they don't invest in this microcap world that is so easily pushed around. they were talking about one stock in the article that had a market value of $36 million.
or not the rewards of cheating is worth the risks. we have clinical psychologist wendy walsh and ron gethner. great to have you both on. wendy i want to ask you first of all why do some people in wall street cheat? what do you think is going on in their minds in their face of potentially being prosecuted? >> well, first of all they're getting an exciting rush of dopamine in their brains no different than a shoplifter would. and they analyze their risks and rewards. the risks to them is minimal. because it is not prosecuted enough. every once in awhile there's a high profile person like martha stewart convicted and the rest of the time they go unnoticed. >> i would argue against that actually. >> i know, ron. "new york times" says the risk to reward is highly calculated and they go toward that risk feeling that the reward is going to be worth it. you don't buy that, do you? >> no, i don't. first let's look at what she just stated. the numbers are actually up on prosecution. s.e.c. is up 8% of the prosecutions from 2011 to 2010. 2012 hasn't closed the books yet. two, we've been on the inside talking
organizations, can keep that information secret. ron gidwitz runs a 527 superpac called the new prosperity foundation, which supports republican house candidates. > do you think there's a trend away from 527's to 501c4's? "in many cases there has been." and the numbers bear that out. 527 funding actually fell from 2008 to 2012, meaning more of that nearly $1 billion of campaign spending by outside groups comes from donors who do not need to disclose their name. reporting for first business news, i'm paul eggers. moments after president obama was declared the victor, the money struggle in washington stole the spotlight as lawmakers debated over how to avert the fiscal cliff. mother nature took a toll on several parts of the country this year. superstorm sandy ripped through the northeast in late october, leaving a trail of damage along the way. the storm racked up damage of around $60 billion, making it the second most expensive storm ever for the u.s., following hurricane katrina. the storm destroyed houses and businesses on the east coast, leaving millions without power. just months earli
in knowledge, the stock rebounds. this is ron johnson, the guy who invented the genius bar. november 2012, this guy gives a sort of talks to the industry, everybody says i have a strategy, know what works, the stock tumbles, craters to $16 per share. bringing us to today. it is not confirmed, but maybe ron johnson is leaving the company. think about that for a moment of the stock is up on strong volume. just imaaine that. for the craziest reason of all going back a few years ago. melissa: what was the nauseous? >> missing the rally. lori: what is a good color tomorrow? sandracharles: what was the colf the year this year? melissa: tangerine? charles: of course. melissa: i am lucky. lori: i've never even heard that be described as a color. charles: tangerine. all right. lori: let's check the market with nicole watching wall street. nicole: watching green. looking at men's warehouse. a completely different picture. you see a down arrow decisively for men's warehouse. they came up with a number, but they have t had to cut their fur profit outlook. so with that we see the stock at a lower guid
into john kerry opiniony, you know that we spoke about ron johnson and came up from apple and his whole theory, was no promotion and great prices all the time and that really was working. the and so, they're back to the promotions this holiday season and it's working. traffic is pretty busy there. >> it's working very well, at least today for the stock. thank you, nicole. well, president obama has always promised not to raise taxes on the middle class, but if he can't reach a deal with republicans in the next seven days, that's exactly what will happen and adam shapiro, i've got to tell you, looking at the numbers, if the president gets every penny from the so-called rich that he wants to get, that would still only be 1/8 of the money that he needs to balance the budget. >> in very simple terms, it's roughly 70 billion dollars is what it would raise, in a budget-- >> if the rates go up and another 20 billion, if you get rid of deductions, but he's increased spending 800 billion dollars a year. >> and to say that 70 to 80 billion in a budget that's 900 billion to a tral over budget. so d
the ten-year or 30-year i think you're fine. that's all we have to look at, a competitive situation. ron in texas. ron? >> caller: yes, sir. >> what's up? >> caller: so, how do you know when to get out of a stock? let's say you're doing well, it's got a dividend, but you're way up. how do you know? >> how do you know to get out? look, one of the things that we like to do, have to stay in touch with the fundamentals. we don't do buy and hold here. we do buy and homework. if you suddenly see a decline in cash flow, suddenly see a company has a change -- like if a cfo leaves, that matters, but in general we don't like to be greedy because bulls make money and bears make money and hogs get slaughtered. if you can take out enough money to be able to play with the house's money, that's when you're golden. your portfolio should be able to dividend, not to buy, but dividend and conquer. make sure you have at least one high-yielder. that helps when it comes to diversification. after the break we'll try to make you even more money. >>> keep up with cramer all day long. follow @jimcramer on twitter
, saw it was your car. figured it was stolen. - hey, ron, why don't you get me out of these handcuffs, so i can put you into these handcuffs. - yes, and officer, why don't you take off those handcuffs? i want this to be a fair fight. - officer, did you see any sign of a passenger? [thumping from trunk] - ron! - there we go. - hey! [thumping] help. >>> tonight on "rock center," apple's new leader tim cook gives his first television interview since the death of steve jobs. tonight, he talks about the final gift from the founder. he responds to apple's critics, why can't you be a made in america company? and hints about what may be the next big thing. >> we're living the jetsons with this. when you turn on the tv -- >> television is still television. >>> also tonight, the conversation every family should have, the decision faced by every family. so why do so many get it wrong and regret it? harry smith gives us a very intimate look inside one place where they're trying to change that. >> give me as much time as i can get. but keep me comfortable. >>> also tonight, ann curry travels to ne
that mimicked schizophrenia. dr. ron burke has been developing it glix-13. >> we found it has a very nice antidepressant effect, lasts for several days after a single sise, and with no side effects will of schizophrenia at all. >> reporter: in one study, patients taking an experimental drug had a 40% improvement in ymptoms compared to 24% on placebo. jim staples participated in the trial. ed iy hope is that the trial drug will, in time, be the last one i'll ever have to take. i take the drug for the rest of my life, but it might be the last one i have to switch to. >> reporter: the drugs are still in trial, and even if they continue to show promise, f.d.a. approval is still three to five eears away. >> pelley: thanks, doc. president obama continues a christmas tradition begun by calvin coolidge when we inntinue. um become "i can"? talk to your doctor. orencia reduces many ra symptoms like pain, morning stiffness and progression of joint damage. it's helped new ra patients and those not helped enough by other treatments. do not take orencia with another biologic medicine for ra due to an i
a reality rally. the reality is ron johnson we all know came in. he was a rock star at avalanche he is going to turn this whole thing upside down and reinvent the department store. forget sales and promotions, that is not how you do it. he has never been in a j.cc penney and it is a lot harder than selling apple products. stock has had a huge roll up, it went and got hammered and has been coming back and the law firm there saying they got their act together, jpmorgan, they're bringing back this discount, they're bringing back promotions, they have a friend and family thing. this is what i like. i am a volume die. the volume has been phenomenal. i believe 95% of all news in the market somebody knew the day before it came out or the week before it came out despite the rules. something is going on. there's a 43% short position on the stock. if there is good news, there could be asia huge pop to the upside. unlike tim clark, ron johnson is considered a celebrity ceo and might get the benefit of the doubt. it is i ridge the idea but could be a huge short m bit. cheryl: his pain would be over. for
, it's not there. >> i know this name isn't on your list, rocco, but i wanted to bring jcpenney up. ron johnson you could have argued would have been the ceo to turn the company around. but we've not seen the results. would you consider putting him on this list as well is this. >> i wrote an article earlier in november that criticized ron johnson and his performance. i think what happened there is ron johnson was fantastic at apple. but he worked at apple with steve jobs. ron johnson probably read a few too many of his press clippings. if you watch the investor day he did a few months back when he first came to jcpenney, people thought he was crazy when he went to target and went to apple. and then he talks about how he went to steve jobs' house, saying, steve, i'm leaving for jcpenney. and he said, are you crazy? and he's saying, target was great, i went to apple was great and now we're in the same position with jcpenney and i'm going to work the same magic there. no, you can run shotgun with steve jobs all day long. steve jobs was the retail architect. >> we should note, andrew mason
. the. ron: line travel site declared a special cash dividend of 52 cents per share. "washington post" will pay $9.80 a share to stockholders, speeding up all quarterly dividends that would have been paid next year. >>> goodyear is driving its way to a new stock exchange. it will move from the new york stock exchange to nasdaq later this month and trade under the current ticker, gt. >> aig preliminary estimate after tax losses related to superstorm sandy will total roughly $1.3 billion. that's the latest from the fox business network, giving you the power to prosper lauren: welcome back. time for a quick speed read of some of the day's other headlines, five stories one minute. first up the e.u. strongest member showing weakness. germany's central bank cutting its growth forecast saying german gdp will likely only expand 4% next year down from the previous estimate of 1.6%. >>> california attorney general suing delta air lines distributing the fly mobile app without a privacy policy. first in the state legal action under the online privacy law. >>> india is hoping to open big box retai
that ron johnson came on board and tried to do ways of apple and products at low prices, what we are trying to realize is like promotions and getting back and doing that. dave: do they think will go into the 400s? nicole: we ridge talking about analysts, bringing numbers down, but most of the people i've talked to think it is to the upside. liz: event allen has a different story. they're selling u.s. products to china but it took a hit today. they got a downgrade. markets spooked about this.
when she takes office next week. both chambers of congress are in today for ron finished legislative business including a possible deal on the fiscal cliff. the senate will be in at 1:00 eastern. though it's in the senate are scheduled for to o'clock p.m. eastern. according to "the washington post" perry began mitch mcconnell have set a deadline at 3:00 when they will be convening caucus meetings and that date members for a possible plan on taxes and spending. president obama was on "meet the press of" today saying the pressure is on congress to make a deal. he was optimistic, but he said that they cannot come to an agreement, he wants the senate majority leader to introduce legislation to make sure middle class taxes stay where they are. live coverage of the senate on c-span2 when the gavel in. the house out to woodcock with the boats as early as 6:00 looking at a number of legislation from veterans to foreign aid. you can watch the house live here on c-span. >> republican olympia snowe from maine is also retiring at the end of the 112th congress after three terms. next, her farewel
not with radioshack, some point out other. jc penney, you know so well, covered it on cnbc, ron johnson and great magical vision for this company. so far, it has failed. again, it is make or break for mr. johnson. >> even with some optimistic analysts there who see signs of success this that have nothing to do with the original plan. >> a chart in our story, carl that shows the dropoff of jc penney stock -- i'm sorry, jc penney sales. they have lost 30 to 40% of their entire sales. that is very hard to do. >> take a look at some of the japanese exporters, talking about that in the cop text of going short the end, going long japanese stocks. an area to watch. overnight, expecting out of japan cpi data, expected to further the case for bank of japan to embark on more stimulus, bad news equals good news for japan what traders are bracing for overnight i at least on the japan trade. in terms of retailers, sears holdings is up a percent in today's session, the other three are doing pretty poorly. pretty poorly in today's session. it does look like we are extending our three-day losing streak we saw ac
story here. ron is now cla-- we're going to out the truth behind the spy game later. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values customer erin swenson tbought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. >>> welcome back. we've been talking all week and for days about companies issuing these special dividends to get ahead of anticipated higher tax rates in the new year. now we find out many firms are actually borrowing money to pay out these dividends even though they have plenty of cash. why borrow the money now? they have stashed cashes overseas is one reason, and they don't want the tax hit by bringing it back
like mike lee, ted cruz, marco rubio, ron johnson, pat toomey and rand paul. yeah, rand paul, the man who wants to abolish virtually every government agency and restore the gold standard. with jim demint gone, i guess you could look at rand paul as the de facto leader of the tea party senators. establishment republicans, they ought to be nervous. senator lindsey graham looked like he was in a state of shock on the senate floor today. >> i met with jim demint this morning, and i, to say i was stunned is an understatement. he has always been a friend. somebody i could count on. personally, we've really enjoyed our time together. and i just -- i was stunned this morning. >> the tea party has poisoned, i think, the well of the senate and the republican ideology. the gop is so far out of the mainstream right now you can hardly recognize them from ten years ago. a new quinnipiac poll shows americans support raising taxes on the wealthy 65% to 31%. republicans, i think they're in the wilderness. they face a changing demographical situation in this country they don't know how to deal with. th
the company around by ron johnson, the guy who created the apple store, and best buy because its founder seems hellbent on taking the company private. penney was on the ropes until recently when we learned from manny tirico, right here, the terrific ceo of pvh, phillips venue and izod, you know all those great brands, tommy, calvin klein, that penney's has started to order a ton of merchandise from pvh for its store within a store. in fact, his comments marked the bottom in the stock. as i pointed out at the time, i shopped jcpenney on tuesday and it was actually quite nice. i had lost this really good hat. if anyone knows my hat, please give it back to me. i went to buy it and they were all out of them. at $21 jcpenney can go higher even without additional news. best buy, i think the fundamentals here are on the decline. it feels terminal to me. so it seems a little ridiculous to own the stock. just as i think it's a little ridiculous that schultz, the founder, can get the financing to make the takeover that he so desperately seems to want to do. let me close by saying i totally understand th
on that in minutes. >>> well, san jose state university has named ron caragher as its new head football coach. >> maybe i can come in and bring some consistency and keep it, you know, just build off what coach mac did here and keep it at a high level. >> and he is a native of morgan hill. he has coached of the last six seasons at the university of san diego. takes over for mike macintyre, who left san jose state for a big paycheck in colorado. interim coach kent bear will lead the spartans in next week's military bowl. >>> an interesting acquisition from japan by the oakland as. the team is acting immediately to replace steven drew who signed with boston yesterday. today, oakland's top brass is expected to announce the signing of japanese shortstop here you canky nakajima. he batted own .300 and was an all-star. >>> the world star champion giants have re-signed santiago casilla to a three-year deal. he was 2.84 with 25 saves for the giants last year in 73 appearances, .284. he was also the winning pitcher in the final game of the world series against detroit. >>> the play of the day. tenness
? what, ron? >> exactly. thanks to medical advances and better health habits. americans simply are living longer. >> the guinness book of world record named a 115-year-old iowa woman the oldest woman. what is the secret to longevity? >> good morning, rob, paula. all this talk of age made me wonder how can we all live long and fantastic lives. >> all right. >> reporter: living forever, or at least living to 90, 100, even older is a dreamhat increasingly seems attainable. the big influencers have been genes, exercise and diet. but let's be honest. few are willing to give up meat and committee. for 100 years, eating green, levee vegetables whuflt at we ws a robust, long life. >> honey badger don't give a -- >> reporter: betty wife at 91 years young says it is not a restricted diet that kept her so lively all these year it is the constant activity. as far as diet goes she reportedly loves hot dogs and cupca cupcakes. but we can't all be betty white, or can we? scientific breakthroughs are throwing out the rules of old age. cynthia kenyan at ted talk for bold idea. >> people who live to 90 or
number one. ron johnson of jcpenney. this is a company that had a tremendous number of blunders right out of the gate with just overall optimistic sales and earnings guides. i have no idea why anyone in a turnaround company would have sales or earnings guides. last quarter 26% decline in comp store sales, really had people wondering if this could ever be turned around. the one defense i must mention. i must mention this to you, tyler. this is a company that's in a turnaround. when a company is in a turnaround, i think you must give the ceo a chance. in this case, he came out and he said from the start, it's going to take two or three years or a number of years. >> he's only been there 13 months. herb, i know you're a tough trader. he seems like such a nice man. >> he seems like a really nice man. he's engaging. nice and execution are two separate things. he is really trying to recreate a major retailer. no one has really done it quite like that. will he be able to do it? he could end up as a best ceo down the road. >> nothing would please you more. >> nothing would, i really respect great
on friends and family discount over the weekend. has ron johnson finally come around? or too little too late john karner? >> i was a buyer into the story line. when i saw bill akman give his presentation on how jc penney would turn things around with no more coupons, i bought the idea. so the the fact that he is backing down now, made me questioned kwe his lehis leadership. >> i would like to see an about face from johnson. he said no coupons. if he is changing his strategy, i would like him to come out and apologies. it is like lipstick on a pig. in any e-mail this morning, they today farm this house to something bigger than my friends and family. >> he was brought into a no coupon strategy. get rid of them if it doesn't work. >> let's move on to "the new york times," regarding that bloomberg ear company might make a bid for the financial times. or digital property like linkedin. the mayor will move on the political stage in a couple of years. maybe wen't to run something really big. not that he's not now. >>ty, i can actually say this is not out of the realm of possibility. this is somethi
of an upcoming movie. >> martha shade has details in hollywood minute. >> gear up for the return of ron burgundy. paramount pictures have set the anchormen sequel release date for 2013. will farrell returns as the anchor man alongside steve carrel. >> been african christian stores are starring in a comedy. the leading man has dropped out he has a bit too much on his plate speeto fit the film is scheduled. >> he has three films in the works. warner brothers is on the hunt for a replacement. >> a beautiful baby boy for actor claire danes. they will on their son on december 17th. >> his name is cyrus michael christopher dance tsancie. >> for hollywood minute i'm martha shade. >> still ahead on the kron 4 morning news a moment of silent will be held for the victims of the connecticut school shooting. it is the busiest travel day of the world as at all with winter weather across the midwest we could see thousands of canceled flights again today. >> wind advisories in effect for some parts of the bay area this morning. we will have more on your rain and hey, look! a shooting star! make a wish! i wish
ad spending is divvied up every year and are much ron has challenge that. nielsen will pay its arch-rival $1.2 billion, up 26% premium over were closed in trading yesterday. shares are up 25% today reflecting nielsen's nice offer. the company's figure can be as nielsen's per share earnings by 10% extra in 2 years and nielsen trading up 4% on the same news but so ends a long-running rivalry in the ratings business where nielsen has been the dominant giant forever in the 70s and 80s, fierce rivals, arethatron reed treated in to radio only. nielsen vastly bigger firm has revenue of 10 times the size, nielsen net income has five times as large, the two firms will clear $6 billion in annual sales and that combination may hit $350 million in net income. in the past two years nielsen stock price up almost 20%. the deal added radio ratings to the service for local national tv, internet streaming, cellphones and even a new twitter rating service nielsen announced yesterday. the question, with nielsen buying up one of its last big competitors, will the second gasser's at the justice departmen
say it, ron, housing has finally turned the corner. that is it. it is off to the races. >> connell, i could not agree more. i would say that housing is back. it has been in the penalty box as it relates to the economy. i think that this past year, we have moved from a drag to being a very small contributor. i think next year, it will start to assume the role that it has played four years. that is as a country emerges out of a slowdown, housing is a major contributor in bringing it back and bringing growth into the economy. connell: if someone has been watching and waiting and they do not want to get out and buy a new house, they could have been thinking home prices will come down even more and, now, maybe not, by looking at these numbers. what would you say to someone who has been waiting and not willing to jump in yet? >> there have been plenty of people waiting. i think reality is, you can only wait so long. i think we have a number of the key metrics in place that would suggest now is the right time. we have inventory at a ten-year low. we are down to about 2 million existing home
-to-work state. governor rick snyder passing a new bill into law. ron motte is in lansing, michigan, with the latest. >> peace and quiet returned to the streets in the capital city. a far different scene than we saw here yesterday. about 10,000 people showed up. there was a lot of emotion on the lawn of the capital yesterday. a lot of the union workers believed this action was politically motivated, payback if you will for the successes of the democrats in michigan, but the president winning reelection as well. they think this is a death knell of the union in michigan. but the folks who advocated these changes to the workplace rules in michigan believe this gives workers more freedom, the freedoms they really should have to choose whether to join a union. the law will go into effect probably around april 1st or so. it's when the legislature ends its session now scheduled for december 20th. among the folks who lost this particular battle, believe this process should have included a lot more public debate. it was really rushed through the legislature over the past week or so. the hous
conservative. ron johnson is a tea party guy. he wants to give on the president before the end of the year and go ahead, i guess pass a bill that would extend the rates for everyone and that wouldn't pass in the house and say, okay, fine, we'll do it for 98%. put that in the president's court, get that done and is use the debt ceiling for spending. >> exactly. no, that is -- >> but he's not getting anywhere with boehner and cantor? >> it's because boehner so far is not willing to go along with that strategy. the way that it works for boehner is if he ultimately puts it on the floor and tells most of his members that they have a chance to vote against it and make playing their opposition to any tax rate increase. but he hasn't been willing to do that so far. he would get some republicans to join with dm democrats and it would pass the house. but he doesn't want to put something on the floor that would clear the house without at least half of the republican members. spending is a sticking point, but there is an asymmetry in the negotiations. democrats have laid out what they want on taxes, s
just don't. >> senator, so last week, ron johnson and you and others said what we need to do, the house passes 98% and below, allows the top 2% to go up to 39.6. just what the president wants. and then we start talk pg about spending and entitlement cuts in light of the debt ceiling coming in in february? is that what you're talking about now? so we're going to -- >> we're going to have to see whether the rank and file that boehner tries to get, if they don't go along -- you're saying they should mutiny and not do this deal he wants to do now and do this other one that puts the onus back on the president next year to come to the table for entitlement cuts. is that what you're saying? >> i don't even think speaker boehner unless, again, something's happened early this morning, he's not even going to try to sell this deal because he knows that the offer that they've made is not real yet. in other words, again let me say the cuts are to be determined down the road, with another fiscal cliff, that's being created. so what i would hope, joe, is right now, we would go ahead and implement the
adhered to the u.s. constitution. rep. ron paul was giving his retirement speech and to his credit, to his credit -- to me makes a lot of sense. i believe him when he says our liberties are being weakened. i am so sorry that they tried to discredit him. he makes a lot of sense. he bases his thinking on the founding fathers and their intentions. i am not very clear of the fiscal cliff. i understand that we are in trouble. the middle east situation that is going on is a can of worms. with our economic downturn, i am not so sure about that yet. even things like that mortgages, which is true. >> are you working? caller: i am unemployed, but i do? taxes. i stopped getting it in march of last year because of my health issues. >> unemployment is going to end, that is one of the expiring provisions. new castle, pa.. democratic line, jeanne. >> my main comments, i think that the problems, one of the main problems is the grover norquist pledge that the officials, mainly republicans, have taken. it should be deemed unconstitutional. no elected official should be allowed to take any kind of pledge. wh
are obstacles and we need to make sure they do not occur. host: ron tweets in -- guest: the foreclosure inventory remains large. it has been diminishing in the past couple of years. the peak was in 2010. 2011 was lower. we have about 22% of all transactions classified as distressed, either short sells. it had been one third of all transactions a couple of years ago. the distressed property transaction went even further next year, maybe 10% or 15% of all transactions. we are not back to normal by any means. host: we have a tweet frorm liz smith. guest: the market has recovered. the factors that contribute to the recovery helped. the job creation and the bursting out of household formation. this is where many of the adults are living with their parents. that is reducing housing demand. we're seeing many young adults branching out. sometimes they are going into rentals. rise in rents -- people do not want to pay higher rents. host: vincent in connecticut. caller: good morning. thank you for appearing. i refinanced this last spring and summer and it was a spectacular success. there was a re
: ron tweets in -- guest: the foreclosure inventory remains large. it has been diminishing in the past couple of years. the peak was in 2010. 2011 was lower. 2012 is lower. we have about 22% of all transactions classified as distressed, either short sells. -- peter foreclosures or short sells. it had been one third of all transactions a couple of years ago. the distressed property transaction went even further next year, maybe 10% or 15% of all transactions. the market is healing. we are not back to normal by any means. but it is moving in the right direction. host: we have a tweet from liz smith. guest: the market has recovered. the factors that contribute to the recovery helped. the job creation and the bursting out of household formation. this is where many of the adults are living with their parents. that is reducing housing demand. we're seeing many young adults branching out. sometimes they are going into rentals. people do not want to pay higher rents. they want to be locked in at 30-year fixed rate mortgages. host: vincent in connecticut. caller: good morning. thank you for app
. bar ron's named its top ten picks for 2013. if you want to know if you should pay any attention to it the magazine's ten stocks for 2012 have outpaced the market by 4 percentage points gaining an average of 17%. now to the picks for 2013. there you go. apple, jpmorgan, royal dutch shell, barnes & noble. blackrock, general dynamics. marathon, novartis, viacom and western digital. might want to flip that so you people can see what i just said. marathon, novartis, royal dutch, viacom and western digital. five on each page. the fiscal cliff dominated the sunday talk shows. senator dick durbin on "meet the press" yesterday saying no deal on the debt without a tax hike on the wealthy. >> i can tell you i don't want to do it, the president doesn't want to do it but we need to solve the problem. we cannot allow their reckless position to drive this economy into another recession. >> and senator bob corker argues it might be better to agree with what the president wants to do now on taxes, and then fight later on spending. >> if we were to pass, for instance, raising the top two rates an
. bush now an economics prof s professor at harvard and ron johnson, director at the institute for new economic thinking and a senior fellow at the roosevelt institute. skwre, good to have you both here. good morning. greg, let me just get you to bounce off of what corker said today. we've had a few senators here and there appear to give on taxes but corker laid it out pretty nicely, if you want to have a discussion about entitlements why wouldn't you get rates out of the way. does that mark a new chapter in these talks? >> it might well. and the whole issue, this whole package is going to look like, republicans have already conceded to some degree on revenue. they'll probably concede a little bit more. the question is what is the president willing to concede on the spending side? the liberal part of the democratic part of the party doesn't want to concede anything on entitlements. that's where the real problem is. the growth of entitlements is going to put us into bankruptcy unless we do something about it. >> do you believe giving him what he wants on rates forces his hand to impress
would be a bit cautious about how fast the results turn. look at jcpenney, ron johnson did a lot of creative things, but it takes time to turn around and old line retailer. look at sears, that's probably never going to turn. i think jolie is on the right course here. and he's got a winning strategy. one that schulze didn't have. and i think he's going to pull it off. but he may be more than three months, he may be tied beyond that. but we'll see. i think the board is acting responsibly trying to get the price for the shareholders. i'm not going against going private, they just have to make sure the public shareholders don't sell out at rock bottom prices and are treated fairly. >> i can't imagine he will nail a bid at 20. if you're right and they won't accept anything less, he's going to have his chance to turn this thing around. bill george, thanks, as always. >> thank you. >> we have an important interview coming up. one of the most influential voices of the tea party. congressman mick mulvaney speaking out about boehner and much more. ♪ [ male announcer ] 'tis the season to
ron" which focuses on mental health issues. good morning to you, clayton. >> good morning. thanks for bringing me on. >> big question we're trying to resolve this morning. i don't know if we're going to be able to do it, how do we zeal both with the gun control issue but perhaps as important, the mental health issues that revolve around this and controlling both of those things at the same time? >> well, you know, i'd like to make the point that the real issue here is mental health problems. because we have a surprising number of murders in the united states. typically 500 to 600 a year involving mentally ill offenders. and most of them get no attention at all. because, sometimes they're using a knife or a sword to kill, you know, one or two people, and it's a local news story. relatively rare instance these sort of random acts of mass murder when they involve a firearm, we pay a lot more attention. but the core problem is mental illness. 1960s when i was growing up, i can remember one such incident, that was the university of texas, and it was shocking, because people didn't do t
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